Long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2012
My Father have 500 shares of XYZ company since 1990, now if he sells share at current price.
He is liable for LTCG or it is exempt ??
He is liable for LTCG or it is exempt ??
03 April 2012
The long term capital gain on equity shares or units of equity oriented mutual fund which are sold in the stock exchange and on which securities transaction tax is paid, is exempt u/s 10(38).
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2012
Thanks Vivek.
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